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Stock Comparison · Valuation-led comparison

BASF vs Steel Dynamics: Which Stock Looks Stronger in 2026?

Steel Dynamics leads structurally, with valuation as the clearest single gap between the two profiles. The market setup is broadly comparable for both — no clear directional signal from price behavior. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

The comparison is mainly decided in valuation, with the rest of the profile carrying less weight. The overall score gap is 11 points in favour of Steel Dynamics, Inc..

Trajectory Similarity
0.73
Similar
Peer-set rank: #19
within BASF SE's functional peer set

This comparison is anchored in long-term financial trajectory similarity within the selected peer universe.

A solid similarity means the pair shares a clearly comparable long-term financial profile, even if individual dimensions still differ.

The match is driven mainly by capital structure and recent revenue growth.

Similarity drivers
capital structurerecent revenue growth
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
BAS.DE
BASF SE
53
Peer-Score
Signal qualityMedium
vs
STLD
Steel Dynamics, Inc.
64
Peer-Score
Signal qualityMedium

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Pricing shapes this comparison more than a broad operating gap.

Dimension spread: BAS.DE vs STLD Profitability 48 52 Stability 55 52 Valuation 42 75 Growth 75 78 BAS.DE STLD
Gap Ranking
#1 Valuation +33
#2 Profitability +4
#3 Growth +3
#4 Stability +3
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for BAS.DE and STLD Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer BAS.DESTLD Relative valuation Structural strength

Steel Dynamics, Inc. and BASF SE look relatively close on structure, but the price setup still leans toward Steel Dynamics, Inc..

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Valuation
Both profiles are strong on valuation, but Steel Dynamics, Inc. leads clearly.
Valuation — Dominant Gap
BAS.DE
42
STLD
75
Gap+33in favour of STLD

The multiple-based pricing edge comes from a forward P/E that is 6.3 turns lower.

What keeps the gap from being one-sided

BASF SE still carries lower volatility exposure — that difference is real enough to prevent the comparison from becoming one-sided.

What this means for the comparison

Valuation is still the cleanest way to understand the lead here.

Explore full peer positioning in AssetNext

Break down the BAS.DE vs STLD comparison across all dimensions with the full interactive tool.

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Similar valuation-driven comparisons

Explore how BAS.DE and STLD each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.